Jiangsu Tongli Risheng Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Tongli Risheng Machinery has a total shareholder equity of CN¥2.3B and total debt of CN¥137.5M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are CN¥4.0B and CN¥1.7B respectively. Jiangsu Tongli Risheng Machinery's EBIT is CN¥492.2M making its interest coverage ratio -15.8. It has cash and short-term investments of CN¥564.0M.
Key information
5.9%
Debt to equity ratio
CN¥137.50m
Debt
| Interest coverage ratio | -15.8x |
| Cash | CN¥564.00m |
| Equity | CN¥2.32b |
| Total liabilities | CN¥1.66b |
| Total assets | CN¥3.98b |
Recent financial health updates
No updates
Recent updates
Estimating The Intrinsic Value Of Jiangsu Tongli Risheng Machinery Co., Ltd. (SHSE:605286)
Oct 28
Jiangsu Tongli Risheng Machinery (SHSE:605286) Is Reinvesting At Lower Rates Of Return
Jul 05We Ran A Stock Scan For Earnings Growth And Jiangsu Tongli Risheng Machinery (SHSE:605286) Passed With Ease
May 22Financial Position Analysis
Short Term Liabilities: 605286's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 605286's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥127.4M).
Debt to Equity History and Analysis
Debt Level: 605286 has more cash than its total debt.
Reducing Debt: 605286's debt to equity ratio has reduced from 34.9% to 5.9% over the past 5 years.
Debt Coverage: 605286's debt is well covered by operating cash flow (359.7%).
Interest Coverage: 605286 earns more interest than it pays, so coverage of interest payments is not a concern.